EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF AUGUST 2, 2004 RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Quest 3,500' Victory Class GOM Contracted SDC/Pogo - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Star 5,500' Victory Class GOM Contracted Kerr-McGee - ------------------------------------------------------------------------------------------------------------------------------------ Ocean America 5,500' Ocean Odyssey GOM Contracted Mariner - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Valiant 5,500' Ocean Odyssey GOM Contracted ENI - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Victory 5,500' Victory Class GOM Idle DODI - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Confidence 7,500' DP Aker H-3.2 GOM Contracted BP Modified - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Concord 2,200' F&G SS-2000 GOM Idle DODI - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Walter Oil & Gas - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted LLOG - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC JACKUPS (12) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Crusader 200' Mat Cantilever GOM Contracted Walter Oil & Gas - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Drake 200' Mat Cantilever GOM Contracted ADTI/CMI - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Champion 250' Mat Slot GOM Idle DODI - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Columbia 250' Independent Leg GOM Contracted Kerr-McGee Cantilever - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spartan 300' Independent Leg GOM Contracted LLOG Cantilever - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spur 300' Independent Leg GOM Contracted Houston Exploration Cantilever - ----------------------------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg GOM Contracted SDC/Devon Cantilever - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg GOM Contracted Spinnaker Cantilever - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg GOM Contracted LLOG Cantilever - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg GOM Contracted Kerr-McGee Cantilever - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg GOM Contracted Stone Energy Cantilever - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg GOM Contracted EOG Resources Cantilever - ----------------------------------------------------------------------------------------------------------------------------------- 1 - ----------------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLE17) - ----------------------------------------------------------------------------------------------------------------------------------- MEXICO - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted PEMEX - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 GOM Contracted PEMEX - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced GOM Contracted PEMEX Pacesetter - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 GOM Contracted PEMEX - ----------------------------------------------------------------------------------------------------------------------------------- AFRICA - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 Gabon Contracted Vaalco/SASOL - ----------------------------------------------------------------------------------------------------------------------------------- NORTH SEA - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco North Sea Contracted Shell 711 Series - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Vanguard 1,500' Bingo 3000 North Sea Contracted Talisman - ----------------------------------------------------------------------------------------------------------------------------------- AUSTRALASIA - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class New Zealand Contracted NZOP - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Patriot 1,500' Bingo 3000 Under tow Mobe to Australia DODI - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut Australia Contracted Santos - ----------------------------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Vietnam Contracted PVE&P - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Rover 7,000' Victory Class Malaysia Contracted Murphy - ----------------------------------------------------------------------------------------------------------------------------------- 2 BRAZIL - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Indonesia Contracted Amerada Hess Cantilever - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Ecuador Contracted Noble Energy Cantilever - ----------------------------------------------------------------------------------------------------------------------------------- COLD STACKED (4) - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 S. Africa Cold Stacked DODI - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class GOM Cold Stacked DODI - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Cold Stacked DODI - ----------------------------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Cold Stacked DODI - ----------------------------------------------------------------------------------------------------------------------------------- NOTES: * GENERALLY, RIG UTILIZATION RATES APPROACH 95-98% DURING CONTRACTED PERIODS; HOWEVER, UTILIZATION RATES CAN BE ADVERSELY IMPACTED BY ADDITIONAL DOWNTIME DUE TO UNSCHEDULED REPAIRS AND MAINTENANCE, WEATHER CONDITIONS AND OTHER FACTORS. GOM = Gulf of Mexico 3 ** TABLE CONTINUED ** RIG NAME CURRENT TERM DAYRATE (000S) START DATE - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Quest one well high 30's early July 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Star second of three wells plus low 60's early June 2004 option - ------------------------------------------------------------------------------------------------------------------------------------ Ocean America second of three wells plus mid 70's mid June 2004 option - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Valiant second of three wells plus high 50's late Dec. 2003 option - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Victory - - - - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Confidence five-year term 170's early Jan. 2001 - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Concord - - - - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Lexington one well plus option high 40's late March 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Saratoga one well extension plus low 40's late June 2004 option - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC JACKUPS (12) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Crusader one well plus option low 30's late July 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Drake one well plus option low 30's late July 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Champion - - - - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Columbia one well low 30's late May 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spartan one well plus option mid 30's mid July 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spur one well plus option high 30's late June 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean King one well plus option mid 30's mid May 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Nugget one well mid 30's early Aug. 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Summit three wells plus option mid 30's mid May 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Warwick one well mid 30's late June 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Titan first of two wells plus mid 40's mid July 2004 option - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Tower two wells plus option high 30's mid July 2004 - ------------------------------------------------------------------------------------------------------------------------------------ 1 - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (17) - ------------------------------------------------------------------------------------------------------------------------------------ MEXICO - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Ambassador four year term work mid 50's late July 2003 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Whittington four year term work low 60's late July 2003 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Worker four year term work high 60's mid Aug. 2003 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Yorktown four year term work mid 40's late Oct. 2003 - ------------------------------------------------------------------------------------------------------------------------------------ AFRICA - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Nomad three wells plus option high 40's early May 2004 - ------------------------------------------------------------------------------------------------------------------------------------ NORTH SEA - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Guardian one year high 40's late March 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Princess second of two wells plus low 50's mid Feb. 2004 option - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Vanguard one well low 60's late June 2004 - ------------------------------------------------------------------------------------------------------------------------------------ AUSTRALASIA - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Bounty one option declared low 70's mid July 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Patriot - - - - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Epoch Exeter/Mutineer mid 60's mid Jan. 2004 development plus option - ------------------------------------------------------------------------------------------------------------------------------------ Ocean General five completion options mid 50's mid June 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Baroness 180 day option 110's late April 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Rover second of two firm wells high 110's late July 2004 plus options - ------------------------------------------------------------------------------------------------------------------------------------ 2 BRAZIL - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Yatzy 700 day extension mid 70's early Nov. 2003 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Winner 700 day extension mid 50's early April 2004 - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Alliance four-year contract 110's early Sept. 2000 - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Clipper 700 day extension low 100's early Jan. 2003 - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Sovereign two wells plus two option high 30's early April 2004 wells - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Heritage third of three wells mid 50's mid Feb. 2004 - ------------------------------------------------------------------------------------------------------------------------------------ COLD STACKED (4) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Liberator - - - - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Endeavor - - - - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Voyager - - - - ------------------------------------------------------------------------------------------------------------------------------------ Ocean New Era - - - - ------------------------------------------------------------------------------------------------------------------------------------ NOTES: * GENERALLY, RIG UTILIZATION RATES APPROACH 95-98% DURING CONTRACTED PERIODS; HOWEVER, UTILIZATION RATES CAN BE ADVERSELY IMPACTED BY ADDITIONAL DOWNTIME DUE TO UNSCHEDULED REPAIRS AND MAINTENANCE, WEATHER CONDITIONS AND OTHER FACTORS. GOM = Gulf of Mexico 3 ** TABLE CONTINUED ** RIG NAME EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Quest early Aug. 2004 One well plus option with Noble Energy in low 50's beginning early Aug. and ending late Sept. 2004. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Star mid Sept. 2004 220 day extension with Kerr-McGee in upper 70's beginning mid Sept. 2004 and ending late April 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean America late Oct. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Valiant early Oct. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Victory - Two wells with W&T Offshore, the first in mid 40's beginning mid Aug with rate adjusting to mid 70's in late Sept. and contract ending in late Nov. 2004. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Confidence early Jan. 2006 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Concord - Approximately 120 days maintenance beginning early June and ending early Oct. 2004. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Lexington mid Aug. 2004 One well extension plus option with Walter in high 30's beginning mid Aug. and ending early Sept. 2004. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Saratoga early August 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC JACKUPS (12) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Crusader late Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Drake mid Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Champion - Reactivation from cold stack. Expected availability mid Aug. 2004. Actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Columbia early Aug. 2004 One option well with Kerr-McGee in mid 30's beginning early Aug. and ending early Sept. 2004. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spartan mid Aug. 2004 Two wells plus option with LLOG in high 30's beginning mid Aug. and ending mid Nov. 2004. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spur mid Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean King early Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Nugget late Sept. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Summit early Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Warwick early Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Titan early Oct. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Tower mid Sept. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ 1 - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (17) - ------------------------------------------------------------------------------------------------------------------------------------ MEXICO - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Ambassador mid Dec. 2007 Available. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Whittington early Oct. 2006 Available. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Worker late July 2007 Available. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Yorktown mid July 2007 Available. - ------------------------------------------------------------------------------------------------------------------------------------ AFRICA - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Nomad late Sept. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ NORTH SEA - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Guardian late March 2005 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Princess mid Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Vanguard early Oct. 2004 One well in Norway with ENI in low 140's beginning early Oct. 2004 and ending early Jan. 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ AUSTRALASIA - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Bounty mid Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Patriot - Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Epoch late Feb. 2005 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean General mid Oct. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Baroness early Nov. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Rover early Sept. 2004 First option well declared by Murphy beginning early Sept. in lower 120's, and ending early Oct. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ 2 BRAZIL - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Yatzy mid Oct. 2005 Available. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Winner mid March 2006 Available. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Alliance early Sept. 2004 Available. - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Clipper early March 2006 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Sovereign early Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Heritage mid Aug. 2004 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ COLD STACKED (4) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Liberator - Cold stacked Nov. '02. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Endeavor - Cold stacked March '02. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Voyager - Cold stacked March '02. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean New Era - Cold stacked Dec. '02. - ------------------------------------------------------------------------------------------------------------------------------------ NOTES: * GENERALLY, RIG UTILIZATION RATES APPROACH 95-98% DURING CONTRACTED PERIODS; HOWEVER, UTILIZATION RATES CAN BE ADVERSELY IMPACTED BY ADDITIONAL DOWNTIME DUE TO UNSCHEDULED REPAIRS AND MAINTENANCE, WEATHER CONDITIONS AND OTHER FACTORS. GOM = Gulf of Mexico 3 ** TABLE COMPLETE **